Verition Fund Management LLC Has $20.65 Million Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Verition Fund Management LLC increased its stake in shares of Hewlett Packard Enterprise (NYSE:HPE - Free Report) by 312.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,009,267 shares of the technology company's stock after buying an additional 764,536 shares during the period. Verition Fund Management LLC owned 0.08% of Hewlett Packard Enterprise worth $20,650,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. lifted its position in Hewlett Packard Enterprise by 24.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 49,511 shares of the technology company's stock valued at $866,000 after purchasing an additional 9,667 shares during the period. Comerica Bank lifted its position in Hewlett Packard Enterprise by 36.5% during the 1st quarter. Comerica Bank now owns 266,326 shares of the technology company's stock valued at $4,722,000 after purchasing an additional 71,267 shares during the period. Cetera Investment Advisers lifted its position in Hewlett Packard Enterprise by 455.7% during the 1st quarter. Cetera Investment Advisers now owns 121,204 shares of the technology company's stock valued at $2,149,000 after purchasing an additional 99,394 shares during the period. Cetera Advisors LLC lifted its position in Hewlett Packard Enterprise by 39.8% during the 1st quarter. Cetera Advisors LLC now owns 55,388 shares of the technology company's stock valued at $982,000 after purchasing an additional 15,774 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its position in Hewlett Packard Enterprise by 18.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,006,298 shares of the technology company's stock valued at $17,691,000 after purchasing an additional 155,717 shares during the period. Institutional investors and hedge funds own 80.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Bank of America upgraded shares of Hewlett Packard Enterprise from a "neutral" rating to a "buy" rating and upped their target price for the company from $21.00 to $24.00 in a research report on Tuesday, September 17th. Loop Capital increased their price target on shares of Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research report on Monday, September 9th. Raymond James upgraded shares of Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and increased their price target for the company from $23.00 to $29.00 in a research report on Monday, November 18th. Susquehanna reiterated a "neutral" rating and issued a $20.00 price target on shares of Hewlett Packard Enterprise in a research report on Friday, October 11th. Finally, Citigroup increased their price target on shares of Hewlett Packard Enterprise from $20.00 to $23.00 and gave the company a "neutral" rating in a research report on Tuesday, November 19th. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $22.21.

Hewlett Packard Enterprise Stock Up 2.0 %

NYSE HPE traded up $0.42 during trading hours on Friday, reaching $21.22. 7,085,632 shares of the company's stock were exchanged, compared to its average volume of 15,151,461. The company has a market capitalization of $27.56 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 3.25 and a beta of 1.19. Hewlett Packard Enterprise has a one year low of $14.47 and a one year high of $22.82. The company's 50-day moving average is $20.67 and its two-hundred day moving average is $19.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.94.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. The company had revenue of $7.71 billion during the quarter, compared to analysts' expectations of $7.67 billion. Hewlett Packard Enterprise had a net margin of 6.39% and a return on equity of 8.94%. The business's quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the business earned $0.35 EPS. On average, analysts forecast that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 2.45%. Hewlett Packard Enterprise's dividend payout ratio is currently 37.14%.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 7,770 shares of the stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $21.00, for a total value of $163,170.00. Following the completion of the sale, the senior vice president now owns 7,771 shares of the company's stock, valued at approximately $163,191. This represents a 50.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $17.00, for a total value of $493,000.00. Following the completion of the sale, the executive vice president now directly owns 82,061 shares of the company's stock, valued at approximately $1,395,037. The trade was a 26.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 426,012 shares of company stock valued at $8,599,617 in the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.